Why the meltdown? Here is an article for today's LA Times - hardly that bad - does anyone else have a clue?
Los Angeles Times, February 24, 1998
Gardiner also likes First Cash (PAWN), which owns 64 pawn shops and manages seven others. Its forward P/E is 12 even though earnings could rise 22% this year, he said. The biggest name in the field, Cash America International ( PWN) , is growing at a slower pace but has a 30% higher P/E, Gardiner said.
First Cash is "growing faster and they have a lower P/E," he said. "That's what you want."